From £6.99 per month
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Are Shares and Cash in Ring-Fenced Accounts Really Not Secure After All? We Must Fight This

By Malcolm Stacey | Wednesday 18 April 2018


Hello, Share Minders. I predict I'm not the only one still shocked by the news that administrators of Beaufort Securities may, if necessary, be able to arrange for some of the assets in ring-fenced accounts to service a shortfall in costs. It seems odd that the assets of innocent third parties could be forfeit to pay for the failure of others. Perhaps I've misread the email. At least the wording suggests that little has been finalised yet.

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was



Video: Poking Bears And Black Swans



Is Stuart Ashman lying again?



So farewell then

Time left: 07:17:37